Finian McGrath
Question:108 Deputy Finian McGrath asked the Tánaiste and Minister for Foreign Affairs and Trade if he will give an update on trade with Argentina and any proposed plans to further develop links. [12839/12]
View answerTuesday, 6 March 2012
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In 2011, Argentina was Ireland's 44th largest trading partner. Total merchandise trade stood at €227,777,000, a 37.8% increase over 2010. Exports were valued at €60,261,000; imports at €167,516,000. The principal exports were medical and pharmaceutical products, and office machines and data processing machines. The principal imports were foodstuffs for animals — which account for about 60% of imports — and essential oils, used in the manufacture of pharmaceutical products.
Deputies will be aware that the government is committed to increasing Ireland's exports as a key element of economic growth; part of this strategy is to develop the potential of existing export markets. Argentina has not been identified as a priority market under the government's Trade, Tourism and Investment Strategy. It is recognised, however that that there are niche opportunities there for Irish companies in specific sectors. The government and state agencies will continue to support Irish companies in accessing those opportunities in Argentina.